Friday June 14, 2019 –
Here are the new and noteworthy stories we have been following this week.
Amazon launches a credit card for the ‘underbanked’ with bad credit
Amazon and Synchrony are launching a secured credit card targeted at thin file, unbanked, and subprime customers.
Uber is making a fintech push with a New York hiring spree
Uber is expanding in fintech with a focus on growing its presence in financial services and payments to increase loyalty and engagement among users and drivers.
Visa looks to speed up cross-border payments with new network launch
Visa has launched B2B Connect, a new network that facilitate cross border payments for businesses enabling them to process payments directly bank to bank.
Brex valued at $2.6B with new cash from Kleiner Perkins
Startup corporate card issuer Brex has raised $100 million in new funding at a $2.6 billion valuation.
Alkami Raises $55M in Series E Funding
Digital banking solutions provider Alkami has raised $55 million in a Series E funding round led by General Atlantic alongside MissionOG, with participation from existing investors.
BB&T and SunTrust Pick a New Name for Combined Bank: Truist
BB&T and SunTrust have selected ‘Truist’ as the new name for the combined bank.
Stripe rolls out terminal across US
Stripe has unveiled Stripe Terminal, a set of SDKs, APIs, and pre-certified card readers that extends Stripe integration to in-person and POS payments.
N26 and Monzo prep US launches
European challenger banks, N26 and Monzo are preparing to launch banking services in the US in the next few months.
Facebook’s New Cryptocurrency, Libra, Gets Big Backers
Facebook has signed up more than a dozen companies including Visa, Mastercard Inc., PayPal and Uber to back its new cryptocurrency Libra which is scheduled for launch next year.
PPRO acquires LatAm paytech, Allpago
PPRO acquires Allpago to expand into Latin America and continue building out its global payments platform with connections to local payments methods.